Singapore
Singapore to pilot use of wholesale CBCDs in 2024: Menon
MAS is also rolling out GPRNT.AI, an ESG data platform for financial institutions.
Singapore to pilot use of wholesale CBCDs in 2024: Menon
MAS is also rolling out GPRNT.AI, an ESG data platform for financial institutions.
FinTech industry poised for huge change thanks to AI: MAS
The festival will address both the promises and pitfalls of AI in the financial industry.
Maybank eases cross-border fund transfers between SG, Malaysia
The bank added over 50 DuitNow participating institutions where customers can send money over.
OCBC extends S$16m green-linked loan to textile and apparel company Ghim Li
The loan was made through the ESGpedia platform.
Singapore fintechs expand footprint in Australia through Project Lorikeet
The initiative aims to boost fintech trade and investment between Singapore and Australia.
DBS net profit up 18%; 48 cents interim dividend announced
Citi Taiwan contributed S$10b in loans.
MAS and Bank Indonesia extend bilateral financial arrangement until 2024
The agreement between both central banks was extended to 2 November 2024.
8 in 10 Singaporeans approve of proposed phishing scam accountability framework: poll
Over 4 in 5 says that financial institutions should be held most accountable for scams.
DBS prohibited from buying new businesses or closing branches for 6 months
MAS will review progress after six months and may choose to extend the measures.
DBS unveils financing solution to boost SMEs’ sustainability ventures
The DBS Eco Renovate Loan allows SMEs to finance up to 100% of their expenses related to sustainability.
Payments fintech YouTrip raises US$50m in Series B round
The firm is gearing up to expand in Indonesia, Malaysia, the Philippines, and Vietnam.
UOB’s net profit up 5% to S$1.5b in Q3
Net fee income growth helped drive profits.
Singapore proposes shared responsibility framework for phishing scams
Both financial institutions and telcos are held accountable for mitigating scams.
75% of Singapore SMEs mull ditching banks for payment needs
1 in 2 of SMEs in Singapore complained of lengthy processing and settlement times.
MAS proposes fund management regulation shake-up with new framework
If approved, the existing RFMC regime will be repealed.
OCBC rolls out generative AI chatbot for employees, amongst world’s first
Over 4 million decisions in the bank are made by AI daily, OCBC shared.
MAS issues expectations for financial institutions’ net zero transition planning
The guidelines are aimed at helping FIs enable effective climate change mitigation.
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1. OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses 2. Morgan Stanley opens Southeast Asia headquarters in Singapore 3. DBS, UnionPay launch multi-currency debit card 4. Southeast Asia’s digital banks – the road from good to great 5. Maybank rolls out green financial advisory service to SEA SMEsResource Center
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